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RE: Bitcoin gold update

in #bitcoin • 7 years ago

Wow, I had no idea the distribution was happening so far from the official fork. Also the whole keeping 1%, how can they do that?

I'm also confused how one miner can initiate a fork of Bitcoin, I thought stuff like that was arrived at by consensus.

ASIC miners from the system, thereby attracting more people to the cryptocurrency.

Really? I have no idea what an ASIC miner is and I'm guessing that's fairly representative of the population at large. Perhaps it will bring more miners to the currency.

So ultimately I guess my question is; is our beloved Bitcoin still the same?

Thanks for this very informative piece by the way; great way to start my day :-)

Cg

7 years ago in #bitcoin by
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     7 years ago 

    Thanks for reply...Quick synopsis on asic-

    Application-specific integrated circuit chips (ASICs) are bitcoin mining hardware created solely to solve Bitcoin blocks. ... Consequently, ASIC Bitcoin mining systems can solve Bitcoin blocks much quicker and use less less electricity or power than older bitcoin mining hardware like CPUs, GPUs or FPGAs.

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